New deal studios

By Anne Steele The Wall Street Journal Mon., Nov. 19, 2018 Taylor Swift, the biggest free agent in music, signed a long-term deal with the world’s biggest record company, Vivendi SA’s Universal Music Group, in the process using her clout to try to score some points for other artists signed to the same label. Ms. Swift’s new deal came with a stipulation: Proceeds from any sale of Universal’s stockholdings in Spotify Technology SA are to be distributed to the label’s artists at a better rate than paid out previously by the other two majors. Detailed terms weren’t disclosed. This is the first label change for the 28-year-old pop star, who was signed when she was just 15 years old to Nashville-based Big Machine Records, an independent label distributed by Universal that released all six of her studio albums. The Spotify agreement was a major sticking point for Ms. Swift, who had been courted by major labels and other companies as her … [Read more...] about Taylor Swift tries to help fellow artists with new Universal music deal

REUTERS: The Weinstein Co, its buyer and creditors on Friday said they reached a deal to increase the bankrupt film studio's sales price by US$2 million, to US$289 million, to ensure the deal goes through.Robert Del Genio, a senior managing director of business advisory firm FTI Consulting who is serving as Weinstein Co's chief restructuring officer, said in statement that the agreement "clears the path for this sale to close."The deal follows a bid last month by the Weinstein Co to cut its sales price to US$287 million to settle disputes that broke out after it announced a plan in May to sell its library, television shows and unreleased movies to Lantern Capital Partners for US$310 million.Weinstein Co said it needed to cut the sales price to close the transaction because it was nearly out of cash and financing deadlines for the sale were approaching fast.Weinstein Co had won bankruptcy court approval for the US$310 million sale, but before it could close disputes broke out over … [Read more...] about Weinstein Co sales price increased by US$2 million in push to close deal

caption Reebok’s new headquarters at 25 Drydock Ave. in Boston. source Reebok Reebok recently moved into a brand-new headquarters in Boston, where it is plotting a return to glory. The brand is a subsidary of Adidas, but it hasn’t seen the strong growth its parent company has. Reebok has a plan to aggressively go after female consumers, a demographic that its competitors have struggled to reach. BOSTON – Reebok’s new headquarters stands across the street from a working dry dock where boats come in for extensive repairs. In some ways, this new address – 25 Drydock Ave., a 220,000-square-foot space in a former shipyard that’s undergoing rapid redevelopment – is the perfect place to rehabilitate the storied brand. “In a lot of ways, it’s the symbolic shift for us,” Reebok president Matt O’Toole told Business Insider during a recent visit. … [Read more...] about One of the hottest ’80s fitness brands is banking on female CrossFitters and a swanky new office to be its saving grace

21st Century Fox is awaiting regulatory approval on a $52.4 billion deal with Disney. The remainder of the company should create a “cash machine” that would help Fox make more deals, an RBC analyst noted. View 21st Century Fox’s stock price in real time here. Once 21st Century Fox relinquishes its cable channels, television studios, and other associated assets to Disney in their $52.4 billion deal, the remainder of the company should create a “cash machine,” a Wall Street analyst noted. “SpinCo will be significantly cash flow positive,” RBC Capital Markets analyst Steven Cahall wrote in a note to investors. Cahall believes the new tax law will shield Fox from about $1.5 billion of annual taxes for roughly the next 15 years. The leaner Fox will have an estimated $3 billion of 2018 EBITDA, and it will be free cash flow positive thanks to the tax shield, … [Read more...] about The Disney deal could turn 21st Century Fox into a ‘cash machine’

Daymond John grew his clothing line FUBU from a few sewing machines in his mother’s house into a $350 million company. In 2009 he became one of the original celebrity investors on the hit TV show “Shark Tank.” He’s invested millions in a variety of companies, written books, and opened a coworking space in Manhattan. His newest title, “Rise and Grind,” looks at examples of people who succeeded despite the odds. Daymond John grew up in Queens, New York, where he dreamed of making clothes for the coolest, most famous rappers. That dream became a reality in the 1990s when FUBU became one of hip-hop’s hottest brands. He started off with nothing, turning his mom’s house into a factory, using graffiti as marketing, and talking his way on to the sets of music videos. John built FUBU into a global brand that brought in $350 million in annual sales at its peak. In … [Read more...] about Daymond John reveals how he started a $350 million business out of his mom’s house, became a ‘Shark Tank’ star, and gained a new perspective after beating cancer